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Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 530 May 610 June 560 July 650 The company wants
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 530 May 610 June 560 July 650 The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 212 units. Prepare a production budget for the months of April, May, and June. May June 650 560 RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 610 Ratio of inventory to future sales 40% Budgeted ending inventory (units) Budgeted unit sales for month Required units of available production Budgeted beginning inventory (units) Units to be produced
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